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20131210
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
CNN
Dec 6, 2013 10:00am PST
blitzer in washington. big news for the u.s. economy today. hiring is up. unemployment is down. the jobs numbers for november were released this morning and they're much stronger than many analysts had been expecting. take a look. the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the wh
CNN
Dec 5, 2013 10:00am PST
. >> good-bye from us. >> thanks for watching. c"cnn newsroom" starts now. >>> right now the economy's growing but stocks are sinking. we'll tell you why. also, right now fast food workers are sending a message, minimum wage is not enough to live on. walking off their jobs. goal is to double their pay. and right now, the killing of an american in benghazi, libya. it's being investigated, reportedly a school teacher and he's described as someone who is, quote, sweet to everyone. -- captions by vitac -- www.vitac.com >>> hello, i'm wolf blitzer in washington. first up, the health of the u.s. economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the reason for thi
CNN
Dec 5, 2013 6:00am PST
, good news about the economy, two brand new snapshots of the u.s. economy, both striking ones. the gdp, the gross domestic product shot up 3.6% in the third quarter and a second report is showing the best private sector jobs growth all year. zain asher will join us had ffrw york in a minute. probably means the friday jobs market numbers will be very good. those numbers come out tomorrow. >>> the fight to close that wage gap heats up today, in just about two hours thousands of fast food workers are expected to protest in 100 cities across the country, from new york city to new orleans, to oakland, trying to pressure employers into paying a livable wage of $15 an hour. now they've got a powerful ally on their side, president obama. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off and are still living at or barely above poverty. that's why it's well past the time to raise a minimum wage. >> but the messa
CNN
Dec 7, 2013 8:00am PST
close friday, they ended what was a pretty big week for the u.s. economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remem
CNN
Dec 6, 2013 6:00am PST
to that breaking news on the economy, americans are getting back to work, 203,000 jobs were added to payrolls in november, and the unemployment rate ticked two notches lower to 7%. that's the lowest unemployment rate in five years. our chief business correspondent christine romans is here to break down the numbers. better than expected, so should we feel absolutely completely good about this? >> i saw some broad-based strength in these numbers from warehousing to retail to transportation to construction so there's broad based health care as well, that's important here. carol, the trend, i always talk about the trend how important that is. you look at the last four months on average, 200,000 plus jobs over the last four months and carol we are on track this year for the most jobs created since 2005. we're on track for more than 2 million jobs created and that is a marked improvement from what we've seen in recent memory, so this is good news, a 7% unemployment rate is still good news. you'll hear people talk about their concerns about this underemployment rate, 13.2%, people who are unemployed
CNN
Dec 7, 2013 10:00am PST
of sanctions that has crippled iran's economy, cut their oil revenues by more than half, have put enormous pressure on currency, their economy contracted by more than 5% last year, and it is precisely because of the international sanctions and coalition we were able to build internationally that the iranian people responded by saying we need a new direction in how we interact with the international community and how we deal with the sanctions regime, and that's what brought president rowhani to power. he was not necessarily the first choice of hard liners inside iran. now, that doesn't mean that we should trust him or anybody else inside iran. this is a regime that came to power as swearing opposition to the united states, to israel, and to many of the values that we hold dear, but what i've consistently said is even as i don't take any options off the table, what we do have to test is the possibility that we can resolve this issue diplomatically, and that is the deal that at the first stages we have been able to get done in geneva, thanks to some extraordinary work by john kerry and his c
CNN
Dec 4, 2013 6:00am PST
sales promotions. christine romans is here with the good news. >> automakers saw the economy is getting better and they think it will keep getting better next year and that is great for auto sales. when you look at car sales, it really gives you a clue into the minds of the consumer. you don't just spend $38,000 on something casually. you need access to credit, confidence about your job, a ro reason to do it. very good numbers for november. 14% year over year increase for gm, that's great. ford, up 7%. chrysler, up 16%. and it wasn't just the incentives. there were good incentives. about $2500 on average was the incentive to get out there and buy a car. big advertising for black friday. a lot of people went to the showrooms, that helped. but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight.
CNN
Dec 2, 2013 6:00am PST
what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did stories following teenagers around the mall and that's social. you can
CNN
Dec 4, 2013 10:00am PST
did he say? >> he really was, wolf. you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the president was talking about income inequality and that is something you're going to be hearing this president talk a lot about during the remaining three years he has in office. he's going to be talking about it in the state of the union speech, for example. he ticked off a number of things he would like to see happen over the next several months. one is a hike in the minimum wage. right now it's $725. he would like to see that around $10. he would also like to see extension of unemployment benefits. both those measures republicans are very cool to right now
CNN
Dec 7, 2013 2:00pm PST
know the economy is essential, and it's good he was meeting with secretary geithner, but here on his signature issue not to take charge. and i have no doubt the white house is right, that secretary sebelius was in several group meetings with the president about health care, but the whole point is, there was nobody in charge in the administration. the president was turning to and saying i look to you for overall responsibility, and in this case it should have been the secretary of health and human services. she does run the department that oversees this. and the fact that he was not meeting with her one-on-one, i think, frankly, is not so much an indictment of her but of the white house operation. >> which is fascinating because we saw her testify very publicly, she took full responsibility for what had happened, but at the same time if this was so important to the president, you would think that there was a lot more one-on-one interaction especially on something that's so critical to him and his policy. professor, the president went on msnbc this week, he was asked about his manageme
CNN
Dec 3, 2013 6:00am PST
suppose? >> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest country in the world. >> the government seems helpless to do anything about the wage gap in this country. there's a bill that would raise the minimum wage to 10 bucks an hour. you know that's a nonstarter. you guys are working a couple more days this year and then deal with the budget next year. there's not any time to push for a minimum wage bill. why not be honest about it and tell people now? >> we believe because where there's a will, there's a way. people need better pay. it's not for me to say because the odd are tough that we're not going to fight for it, we're going to fight for it any
CNN
Dec 7, 2013 12:00pm PST
on cnn. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> memorials are growing and people in south africa are celebrating the life of nelson mandela, the civil rights icon died thursday at the age of 95. cnn's robin kurnow is live outside his home in johannesburg where it really is a place of holding vigil, at the same time celebrating his life. >> reporter: absolutely. it's like a pilgrimage here. south africans doing what they always do, they sing in times of happiness and in times of hardship. and this noise, this celebration, this la meant you hear behind me has been going on literally since thursday night. people singing over and over again, nelson mandela, nelson mandela, there's no one like you. now, many of these south africans behind me felt like they had a personal closeness with nelson mandela. they owe so much to him. and he had that way with people. his family saying today that he had time for everyone, kings and queens, rich or poor, great or small. and, in fact, one of those people was bill clinto
CNN
Dec 9, 2013 6:00am PST
the thinking at the moment is the economy could be strong enough to handle it. >>> amc, it's all about that stock, a little popcorn, a little stock. amc theaters gearing up to go public at the new york stock exchange expected to happen at the end of the month and it will reward its most loyal 2.5 million customers, they have a chance to buy shares usually reserved for the big investors. in a letter from the company's ceo from jerry lopez, he says members of the amc stubs rewards program will be offered the same price as the big banks and large wall street institutions, meaning the little guy gets to buy the shares a day before they go public so finally, john, finally the little guy can get in on the action, just like the big guys. john? >> maybe a little hot buttered stock to go with your popcorn and movie. >> there you go. >> alison kosik, thanks so much, appreciate it. >>> checking some of the top story this is morning, american airlines and u.s. airway also officially become the world's largest airline today after the merger beat a number of legal challenges. the new company will be
CNN
Dec 5, 2013 11:00am PST
's stay on the economy. we learned today it grew more than anyone thought in the third quarter. the value of all the goods and services produced right here in the united states grew add an annual rate of 3.6%. that's great news. when you look at the stock market, let's take a quick peek. it's down just about 50 points. zain asher at the new york stock exchange for us. if we're talking gdp and that is up, why isn't the stock market mirroring that? >> well, what might seem like good news to you and i is certainly not good news to traders on the floor. yes, gdp coming in pretty strong, 3.6%. certainly the best reading we had since the first quarter of 2012 when it came in at 3.7%. the problem is when you have good, strong economic numbers like that, people sort of start to begin to have a meaningful conversation about tapering, about the possibility of tapering happening sooner than expected, especially when the strong data is in line with other pieces of strong data we have gotten this week. jobless claims down by 23,000. also new home sales as well, good car sales, good strong numbers from
CNN
Dec 7, 2013 3:00pm PST
economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. . >>> nelson mandela's compassion, hum humanity, humility touches millions all over the world. peter turnley was there the day mandela was released from prison more than 20 years ago. he described the moments that followed in his own words. >> nelson mandela's example, his courage, his determination, his dignity, his forward thinking of conciliation, of forgiveness and of love for all is something that has touched so many people and it has been something that has brought people towards him and brought people together. on the morning of february 11th, 1990 i was with a group of photographers. we had gotten to the prison very early that morning. at one point in the early afternoon, i will never forget suddenly about five helicopters began to descend right over the back of this
CNN
Dec 7, 2013 4:00pm PST
perception of the economy may not have quite caught up. only a quarter of people polled said they believe the economy is getting better. deb? >> alexandra, thanks so much. >> in south africa, ten days of mourning under way for the man many called madiba. also, the nsa, what might they have been peeking into any time? here's a hint it, could have just been in your pocket. that's coming up. we're aig. and we're here. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives
CNN
Dec 8, 2013 3:00pm PST
this week? and the economy. well, there is plenty to look out for. zane asher is at the new york stock exchange. zane? >> deb, this upcoming week on wall street, we will introduce a brand new airline. well, kind of. american and u.s. air will merge into the biggest airline monday. ceos of the two companies will bring the nasdaq's opening bill. ticket will be aal. new name, american. as for the economy, there will be reports on jobless claims, and retail sales. numbers are critical because they are for november, the shart of the holiday shopping season. so far signes have been mixed. black friday weekend sales dropped for the first time since the recession but cyber monday sales rose to an all-time high. report next week from the government will be the definitive view. deb, that's what's coming up this week on wall street. >> zain asher, thank you. >>> finally, question number five. who will win the heisman trophy? florida's quarterback could be honored. jameis winston is the odds-on favorite. the winner will be announced next saturday. >>> and don't go anywhere. sports columnist terren
CNN
Dec 6, 2013 11:00am PST
with you later. >>> let's talk economy. the new government jobs report has turned out to be an early holiday gift for us in the u.s. with the unemployment rate at its lowest since 2008. look at the number in red, 7%. last month, 203,000 jobs were created, beating many economists' expectations and more importantly, the numbers behind this jobs report show that the hiring isn't just for those $9 an hour jobs, but also for higher paying positions. let's talk about this with our senior economist at bloomberg government. and christine roman, who stayed up for us and we appreciate you, christine. cnn chief business correspondent and host of "your money." christine, first to you. we know november means holiday shopping for most of us, if you think ahead, which means seasonal workers. when we look at these numbers, did the government adjust for that? >> oh, yeah, and i'm going to tell you this is a pretty broad-based jobs gain. it wasn't just bartenders and waitresses, not just stocking the shelves. it was broad based. you look at warehousing and transportation, those jobs, $24 an hour. you
CNN
Dec 2, 2013 10:00am PST
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CNN
Dec 9, 2013 10:00am PST
unemployed group in our economy. >> you know, i want to get your response on what we just heard from him, but there's a news conference under way. the sandy hook elementary school parents are now speaking out. i want to hear what they're saying. >> since that day, we have been overwhelmed by the outpouring of kindness, love, prayers, generosity, received from the entire world. to simply say thank you is not enough to express our sincere gratitude. in the mid sti of our grief, we have come to realize that we want our loved ones to be remembered for the lives they lived and how they touched our hearts. we have been uplifted by the support of so many people. and we would like to keep that spirit of unity and love alive in all we do to remember those we so dearly miss. it is with this in mind that we have created the my sandy hook family.org website. this website is intended to serve as a singular place of sharing, communication, and contact with the families of those who lost their lives that day. my sandy hook family.org allows us the opportunity to honor those taken from us so violently.
CNN
Dec 4, 2013 11:00am PST
for american progress, a liberal think tank in washington, talking about the economy, issues bi s like incom disparity, called for a hike in minimum wage, extending unemployment benefits, but he wrapped up an event at the white house with younger americans, a youth summit here at the white house that goes to the issues that the white house believes younger americans care about. first and foremost on the president's mind, was the affordable care act, they desperately want younger americans to sign up. you mentioned the enrollment numbers. 29,000 in the first couple days of this month, exceeding all of what was picked up in october, and about a third, by the way, of what the administration says will be reported for november. and the president very interestingly at one point, brooke, talked about the term obama care. people in washington have been saying the president hasn't been using the word obama care as much lately. what's the deal with that? the president used it during this address to younger folk s here at the white house. here's what the president had to say. >> i know people call this
CNN
Dec 7, 2013 11:30am PST
: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it really made the difference between a morning around the house and getting a little exercise. unlike the bargain brand, depend gives you new fit-flex®, our best protection. it's a smooth and comfortable fit with more lycra strands. get your free sample at depend.com. the attack on pearl harbor. it was 72 years ago today. the japanese surprise attack killed more than 2,000 american service members. the attack brought the u.s. into world war two. >>> president obama is having a hard time explaining a meeting with controversial relative. for some time the white house has said the president never met with a kenyan uncle who was in the united states illegally. but now it has a new version of what happened. here's cnn's brian todd. >> reporter: fredericka, which is at an uncle of the president who has gone through some legal problems with immigration and other things. and it's about an impression the white house has given that it's keeping this uncle at arm's length. but white house aid
CNN
Dec 8, 2013 12:00pm PST
gives you ecoboost fuel economy and a whole lot more. go further. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> the trial for the newly wed bride tried for pushing her husband to his death beginning tomorrow. she is charged with pushing her husband off a cliff in july. graham is charged with murder. jury selection begins tomorrow. wendy murphy is also a law professor in boston. graham says the couple got into an argument while off the park. he went over a cliff. so the defense says it as self defense. what should they decide >> and finally she said i pushed him with both hands from behind. that is an easy case. the tough part from the prosecution here is shoe she looked like. she looked like the girl next door. they are going to be hard pressed to say that a seemingly nice woman could be so evil. >> look, the so called confession did not exactly c
CNN
Dec 2, 2013 11:00am PST
order should manage the global economy. he called for a managed economy. but it's some of the language that pope francis is using that has set something off with rush limbaugh. the idea of trickle-down economics, which means something very specific, specifically to american consumers, regan annecks, and this is something that rush can't necessarily stomach. what will be truly interesting is to see what republican catholics say about the new pope. he's called the people's pope. he's wildly popular in many parts of the world, including right here in the united states. you have paul ryan, you have our own newt gingrich, rick santorum, a guy named chris christie, who are all catholics right now. i would be shocked if these potential candidates were to go out and be critical of this pope who, as i said, is wildly popular in many parts of the country. >> you mentioned potential candidates, but catholics are also a key voting bloc, yes? >> white catholics are often seen as the key. the key swing group. you can look where white catholics vote and see how an election goes. they're seen as swing
CNN
Dec 8, 2013 1:00pm PST
as the economy has struggled. ron brownstein, appreciate it. >> a heartfelt good-bye to actor paul walker. fans are gathering to honor him. we'll take you to his special tribute. my name is mike and i quit smoking. chantix... it's a non-nicotine pill. i didn't want nicotine to give up nicotine. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. [ mike ] when i was taking the chantix, it reduced the urge to smoke. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these, stop taking chantix and see your doctor right away as some can be life-threatening. tell your doctor if you have a history of heart or blood vessel problems
CNN
Dec 9, 2013 11:00am PST
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> bottom of the hour, i'm brooke baldwin. it's the anniversary no one wants to recognize, but everyone understands the need to. now there's a question as to just how that should be done. this coming saturday will mark one year since a gunman murdered 27 people in newtown, connecticut, including 20 first graders. city officials have asked the media not to come to town. >> you're fully aware of our tragedy. we're trying to say to the world, please give us a chance to grow into that really happy, healthy place that loves children and families, that has great schools. we know who we are. we know that's our destiny, but we need you to help us get there by please staying away. >> cnn has decided not to go to newtown this saturday. some of the victim's families have offered a way for people to reach out on that day. this is what
Search Results 0 to 26 of about 27 (some duplicates have been removed)